Driving forces analysis A) helps managers identify which of the five competitive forces will be the strongest driver of industry change. B) helps managers identify which industry member is likely to become (or remain) the industry leader and why. C) identifies which strategic group is the most powerful. D) helps managers identify which key success factors are most likely to help their company gain a competitive advantage. E) involves identifying the driving forces, assessing their impact on firms in the industry, and determining what strategy changes a company may need to make
Driving forces analysis A) helps managers identify which of the five competitive forces will be the strongest driver of industry change. B) helps managers identify which industry member is likely to become (or remain) the industry leader and why. C) identifies which strategic group is the most powerful. D) helps managers identify which key success factors are most likely to help their company gain a competitive advantage. E) involves identifying the driving forces, assessing their impact on firms in the industry, and determining what strategy changes a company may need to make
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Driving forces analysis
A) helps managers identify which of the five competitive forces will be the strongest driver of industry change.
B) helps managers identify which industry member is likely to become (or remain) the industry leader and why.
B) helps managers identify which industry member is likely to become (or remain) the industry leader and why.
C) identifies which strategic group is the most powerful.
D) helps managers identify which key success factors are most likely to help their company gain a competitive advantage.
E) involves identifying the driving forces, assessing their impact on firms in the industry, and determining what strategy changes a company may need to make
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SOLUTION:
E) Involves identifying the driving forces, assessing their impact on firms in the industry and determining what strategy changes a company may need to make.
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